Release of Huawei exec seen easing tensions, HSBC shares climb

In this blog, we curate relevant and remarkable content related to digital banking, fintech and high-performance banking leaders. This piece by Reuters reports that HSBC shares climb in Hong Kong as release of Huawei exec seen easing tensions. Read on.

“Hong Kong-listed shares of HSBC rose by the most in four months on Monday as the release of an executive at telecoms company Huawei fuelled hopes the global bank would benefit from an easing in tensions between the United States and China.

Huawei Chief Financial Officer Meng Wanzhou arrived in China on Saturday ending her near three-year U.S. extradition fight, the same day two Canadians detained by Beijing for more than 1,000 days returned home.

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